Looking to diversify beyond MNDFX? The mutual funds below have the lowest correlation with MNDFX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MNDFX.
Best Diversifiers for MNDFX
1 mutual funds have low correlation with MNDFX (below 0.3), 0 of which are negatively correlated. The least correlated is Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Manning & Napier Divrs Tax Exempt Series Fund | 0.12 | 0.09 | 0.06 | 66 | Municipal Bonds | MNDFX vs EXDVX | |
| Manning & Napier High Yield Bond Series | 0.31 | 0.35 | 0.38 | 88 | High Yield Bonds | MNDFX vs MNHYX | |
| Manning & Napier High Yield Bond I | 0.36 | 0.34 | 0.37 | 78 | High Yield Bonds | MNDFX vs MNHAX | |
| Rational Equity Armor Fund | 0.36 | 0.47 | 0.63 | 55 | Large Cap Value Equities | MNDFX vs HDCTX | |
| Fidelity Large Cap Stock Fund | 0.55 | 0.66 | 0.78 | 76 | Large Cap Blend Equities | MNDFX vs FLCSX |
See all 33 diversifiers for MNDFX
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